Almost half of SMB owners say late payments hinder growth opportunities for their business (Dun & Bradstreet).
For SMBs in the business services sector, late payments impact not only the cash flow position of your business but also the ability of your SMB clients to to pay you on time.
This guide is your practical blueprint to getting paid on time, and cutting your payments admin with insights from industry peers and small business leaders. From pricing models to taking control of cash flow, we take you through 5 practical steps for achieving fast payment:
- Define your pricing structure
- Communicate your payments terms
- Streamline the payment process
- Track your cash flow
- Automate cash collection